September 2024

What disgruntled consumers are telling the CFPB about auto lenders

If you are an auto lender, it’s worth keeping your eye on the complaints consumers lodge with the Consumer Financial Protection Bureau (CFPB), even if your company does not participate in the CFPB’s complaint portal. CFPB leveraging consumer complaints For those unfamiliar, the CFPB’s Office of Consumer Response administers a statutorily-mandated portal to collect, investigate

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Ensuring Compliance and Accurate Refunds for Auto Aftermarket Products: Solutions for Lenders

Aftermarket Products are optional add-on products that dealers sell car buyers at time of purchase. These range from GAP waivers, vehicle service contracts, anti-theft devices, maintenance plans, tire-and-wheel coverage, and more. Funding Team Challenge Auto lenders must ensure that the aftermarket products they fund are compliant, properly cover the borrower and add value. For example,

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Revolutionizing auto finance with AI-driven dealer portals

Priorities are shifting away from the historical customer journey and dealer experience to a more tactical, AI-driven approach to reduce fraud and costs. Wolters Kluwer’s Tim Yalich, head of motor vehicle strategy, says, “We surveyed the industry in December to understand where financial institutions are focusing investments in their digital strategies and found the priorities have shifted

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Chartis Research named Informed.IQ a 2026 RiskTech Quadrant® Point Solution for Enterprise Fraud!

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